McDonald's Shuts 15 Stores in Taiwan <b></b>

Dec 11, 2002

Share

Oak Brook, Illinois--McDonald's Corp. has closed 15 restaurants in Taiwan. The Chinese language Chinese Times reported that McDonald's unexpectedly closed 15 of its restaurants island-wide, cutting 390 jobs. It was the largest scale-back of operations by the company since it first opened in Taiwan in 1984, according to the Times report.

In early November, McDonald's announced that it would close approximately 175 underperforming restaurants in 10 countries, and eliminate 400 to 600 positions to control costs and reallocate resources. -Dow Jones Business News

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

James Clear Explains Why the 'Two Minute Rule' Is the Key to Long-Term Habit Building
They Designed One Simple Product With a 'Focus on Human Health' — and Made $40 Million Last Year
Younger Americans Don't Necessarily Want to Retire in Florida — and the 2 Affordable States at the Top of Their List Might Surprise You
I Tried Airchat, the Hottest New Social Media App in Silicon Valley — Here's How It Works
This Side Hustle Is Helping Farmers Earn Up to $60,000 a Year While Connecting Outdoor Lovers With Untouched Wilderness
Are Franchises in the Clear After the Expanded Joint Employer Rule Was Struck Down? Industry Experts Answer 2 Critical Questions About What's Next.

Most Popular

Marketing

How to Actually Get Returns in Your Marketing Efforts

The field of newsletter marketing offers a highly cost-efficient channel for achieving high ROI in promotional campaigns, thanks to new AI-powered tools that identify target audiences and track their engagement with ads, enabling the ability to optimize spend.

By Jaxon Parrott

Side Hustle

3 Secrets to Starting a Small Business Side Hustle That Gives Your Day Job a Run for Its Money, According to People Who Did Just That — and Made Millions

Almost anyone can start a side hustle — but only those ready to level up can use it to out-earn their 9-5s.

By Amanda Breen

Business Culture

Dear Boss, You're Holding Too Many Meetings — Here's Why the Best Teams Have Fewer Meetings

In the hustle of modern work life, efficiency is key.

Business News

ByteDance Would Rather Shut Down TikTok in the U.S. than Sell It: Report

ByteDance broke its silence on the TikTok ban bill that Biden signed into law this week.

By Sherin Shibu

Devices

Avoid Being Stranded on the Road with This Jump Starter on Sale for $70

Protecting your time is essential when running a business.

By Entrepreneur Store

Business News

'Americans Just Work Harder' Than Europeans, Says the CEO of Norges Bank, the World's Largest Wealth Fund

About half of the fund's equities are invested in American companies.

By Sherin Shibu